7677 Gessner Rd - Service Station FOR SALE


Houston, TX 77040- Brookhollow/Inwood
$5,579,000 USD
954-302-7365
7677 Gessner Rd, Houston, TX for Sale
$5,579,000 USD
Service Station - FOR SALE
1/11
null | 5% Cap Rate

7677 Gessner Rd
Houston, TX 77040
Brookhollow/Inwood


HIGHLIGHTS

  • 8+ Years Remaining | Scheduled Rental Increases | Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail/Industrial Corridor | Strong National/Credit Tenant Presence | Nearby Schools
  • Signalized, Hard Corner Intersection | Sam Houston Tollway | Excellent Visibility & Access
  • Strong Demographics In 5-mile Trade Area | Six-Figure Incomes

OVERVIEW

• The tenant currently has 8+ years remaining on their initial lease with 5 (5-year) options to extend, demonstrating their commitment to the site • The lease features 7.50% rental increases every 5 years during the initial term and at the beginning of each option, growing NOI and hedging against inflation • 7-Eleven, Inc. is the premier name in the U.S. convenience-retailing industry. Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 14,000 stores in the U.S. and Canada

FOR SALE DETAILS

PRICE

$5,579,000 USD

PRICE/SF

$1,240 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven | 8+yrs Remain Corp Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

2.69 AC

LAND SF

117,176 SF

ZONING

Commercial

APN/PARCEL ID

1262390010001

ASK ABOUT THIS PROPERTY

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.